{"id":607657,"date":"2023-10-08T00:00:00","date_gmt":"2023-10-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/08\/uae-non-oil-business-activity-rises-in-september\/"},"modified":"2023-10-08T00:00:00","modified_gmt":"2023-10-08T00:00:00","slug":"uae-non-oil-business-activity-rises-in-september","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/08\/uae-non-oil-business-activity-rises-in-september\/","title":{"rendered":"UAE non-oil business activity rises in September"},"content":{"rendered":"

UAE PMI rebounds: <\/strong> The UAE\u2019s non-oil private sector activity accelerated in September on the back of surging demand and a rise in output, according to S&P Global\u2019s latest PMI figures (pdf)<\/a> out last week. The PMI rose to 56.7 from 55.0 during the month, driven by new orders which accelerated at their fastest pace since June 2019, and business confidence which reached its highest level since March 2020.<\/p>\n

<\/a> <\/a> <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30 <\/strong><\/p>\n<\/td>\n

\n

19,873<\/p>\n<\/td>\n

\n

+0.8% (YTD: +36.1%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CBE) <\/strong><\/p>\n<\/td>\n

\n

Buy 30.83<\/p>\n<\/td>\n

\n

Sell 30.96<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD at CIB <\/strong><\/p>\n<\/td>\n

\n

Buy 30.85<\/p>\n<\/td>\n

\n

Sell 30.95<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates CBE <\/strong><\/p>\n<\/td>\n

\n

19.25% deposit<\/p>\n<\/td>\n

\n

20.25% lending<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Tadawul <\/strong><\/p>\n<\/td>\n

\n

10,765<\/p>\n<\/td>\n

\n

-0.7% (YTD: +2.7%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX <\/strong><\/p>\n<\/td>\n

\n

9,756<\/p>\n<\/td>\n

\n

-0.1% (YTD: -4.5%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM <\/strong><\/p>\n<\/td>\n

\n

4,165<\/p>\n<\/td>\n

\n

+0.5% (YTD: +24.8%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500 <\/strong><\/p>\n<\/td>\n

\n

4,309<\/p>\n<\/td>\n

\n

+1.2% (YTD: +12.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100 <\/strong><\/p>\n<\/td>\n

\n

7,495<\/p>\n<\/td>\n

\n

+0.6% (YTD: +0.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Euro Stoxx 50 <\/strong><\/p>\n<\/td>\n

\n

4,144<\/p>\n<\/td>\n

\n

+1.1% (YTD: +9.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude <\/strong><\/p>\n<\/td>\n

\n

USD 84.58<\/p>\n<\/td>\n

\n

+0.6%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n

\n

USD 3.34 <\/p>\n<\/td>\n

\n

+5.4%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold <\/strong><\/p>\n<\/td>\n

\n

USD 1,845.20<\/p>\n<\/td>\n

\n

+0.7%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC <\/strong><\/p>\n<\/td>\n

\n

USD 27,935<\/p>\n<\/td>\n

\n

-0.2% (YTD: +68.9%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

THE CLOSING BELL- <\/strong><\/p>\n

The EGX30 rose 0.8% at Wednesday\u2019s close <\/strong> on turnover of EGP 1.51 bn (30.3% below the 90-day average). International investors were net buyers. The index is up 36.1% YTD.<\/p>\n

In the green: <\/strong>Alexandria Mineral Oils Company (+5.8%), Credit Agricole Egypt (+5.2%) and Beltone Financial Holding (+4.7%).<\/p>\n

In the red: <\/strong>Eastern Company (-2.2%), Oriental Weavers (-1.6%) and Juhayna Food Industries (-1.3%).<\/p>\n","protected":false},"excerpt":{"rendered":"

UAE PMI rebounds: The UAE\u2019s non-oil private sector activity accelerated in September on the back of surging demand and a rise in output, according to S&P Global\u2019s latest PMI figures (pdf) out last week. The PMI rose to 56.7 from 55.0 during the month, driven by new orders which accelerated at their fastest pace since […]<\/p>\n","protected":false},"author":1,"featured_media":607658,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[72,119,122,185,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-607657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-planet-finance","tag-enterpriseam","tag-financial-markets","tag-planet-finance","tag-pmi","tag-uae","wpautop","entry"],"acf":{"mongo_id":"57ef3391-9b5e-4c02-b262-46db236fe2ea","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/358.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE non-oil business activity rises in September","related_issue":[607630],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.7bdfdf9b-efb5-4b7e-899b-fa8e744afe0c.mp3"},"yoast_head":"\nUAE non-oil business activity rises in September - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/08\/uae-non-oil-business-activity-rises-in-september\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE non-oil business activity rises in September\" \/>\n<meta property=\"og:description\" content=\"UAE PMI rebounds: The UAE\u2019s non-oil private sector activity accelerated in September on the back of surging demand and a rise in output, according to S&P Global\u2019s latest PMI figures (pdf) out last week. The PMI rose to 56.7 from 55.0 during the month, driven by new orders which accelerated at their fastest pace since […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/08\/uae-non-oil-business-activity-rises-in-september\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-08T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/358.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/08\/uae-non-oil-business-activity-rises-in-september\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/08\/uae-non-oil-business-activity-rises-in-september\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"UAE non-oil business activity rises in September\",\"datePublished\":\"2023-10-08T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/08\/uae-non-oil-business-activity-rises-in-september\/\"},\"wordCount\":177,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/08\/uae-non-oil-business-activity-rises-in-september\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/358.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Financial Markets\",\"Planet Finance\",\"PMI\",\"UAE\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/08\/uae-non-oil-business-activity-rises-in-september\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/08\/uae-non-oil-business-activity-rises-in-september\/\",\"name\":\"UAE non-oil business activity rises in September - 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The PMI gauge fell to 48.2 in December, down from 50.9 in November, signaling a \u201cmoderate deterioration\u201d in business conditions\u2026","rel":"","context":"In "SENTIMENT"","block_context":{"text":"SENTIMENT","link":"https:\/\/enterpriseam.com\/egypt\/category\/sentiment\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/70.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556007,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/06\/jobs-and-business-confidence-are-up-but-the-the-pmi-is-at-a-four-month-low\/","url_meta":{"origin":607657,"position":1},"title":"Jobs and business confidence are up, but the the PMI is at a four-month low","author":"enterpriseam admin","date":"6 October 2021","format":false,"excerpt":"Private sector activity hits four-month low: Business activity in Egypt\u2019s non-oil private sector continued to contract for the tenth consecutive month in September, reaching a low not seen since May, according to the IHS Markit\u2019s Purchasing Managers\u2019 Index (pdf). The index dropped to 48.9 in September from 49.8 in August\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/81.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546277,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/10\/aramco-is-close-to-eclipsing-apple-as-the-worlds-most-valuable-company\/","url_meta":{"origin":607657,"position":2},"title":"Aramco is close to eclipsing Apple as the world\u2019s most valuable company","author":"enterpriseam admin","date":"10 May 2022","format":false,"excerpt":"Saudi oil giant Aramco is close to taking Apple\u2019s crown as the world\u2019s most valuable company, Bloomberg reports. Aramco briefly hit a record high yesterday, bringing its market cap to USD 2.44 tn, close to Apple\u2019s USD 2.49 tn. The Saudi oil giant has been buoyed by soaring oil prices\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544469,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/06\/pmi-says-youre-not-optimistic-but-our-survey-said-you-are\/","url_meta":{"origin":607657,"position":3},"title":"PMI says you\u2019re not optimistic, but our survey said you are\u2026","author":"enterpriseam admin","date":"6 March 2022","format":false,"excerpt":"Non-oil business activity in Egypt saw a \u201csolid decline\u201d in February as inflationary pressures continued to impact business confidence and demand, according to IHS Markit\u2019s purchasing managers\u2019 index (PMI) survey (pdf). The contraction eased slightly to 48.1 from 47.9 in January but concerns about economic conditions sent confidence levels to\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/54.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593651,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/egypts-non-oil-business-activity-improves-marginally-in-september-but-remains-in-contraction-territory\/","url_meta":{"origin":607657,"position":4},"title":"Egypt\u2019s non-oil business activity improves marginally in September, but remains in contraction territory","author":"enterpriseam admin","date":"7 October 2019","format":false,"excerpt":"Non-oil business activity improves marginally in September, but remains in contraction territory: Egypt\u2019s non-oil private sector continued to contract in September, albeit at a slightly lower rate than August, as output fell for the second consecutive month, according to the Markit \/ Emirates NBD purchasing managers\u2019 index (PMI) (pdf). The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/10\/1525.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591372,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/04\/egypts-non-oil-business-activity-hits-two-year-lows-in-november\/","url_meta":{"origin":607657,"position":5},"title":"Egypt\u2019s non-oil business activity hits two-year lows in November","author":"enterpriseam admin","date":"4 December 2019","format":false,"excerpt":"November was a month to forget for the non-oil private sector, the PMI suggests: Non-oil private sector business activity hit two-year lows in November as output, new orders, and employment fell, according to the Markit \/ Emirates NBD purchasing managers\u2019 index (pdf). The gauge fell for the fourth consecutive month\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1837.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/607657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=607657"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/607657\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/607630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/607658"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=607657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=607657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=607657"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=607657"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=607657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}